politicians. Two political frictions (ideological adherence and a super- majority requirement) impair political competition and … lead to equilibria, where politicians receive corruption bribes. Furthermore, the model implies a non …

. There is also evidence in the literature to suggest that the STOCK Act was able to deter politicians from trading based on … non-public information. However, the question of whether politicians made informed trades at the market level (using non … and find that the STOCK Act adversely affected the ability of politicians’ aggregated stock trades to predict the stock …

-run and (ii) experts’ uncertainty increased after the election. Our results suggest that exceptional politicians influence …

The serious implications of privatizing state-owned enterprises for politicians, managers, and investors make such … effects. A unique opportunity for this identification arises from a rule of promotion of local politicians based on age …